Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Hits New 52-Week High – Here’s What Happened

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) shares reached a new 52-week high during trading on Thursday. The company traded as high as $79.27 and last traded at $79.2910, with a volume of 202,681 shares trading hands. The stock had previously closed at $78.51.

Invesco S&P 500 Low Volatility ETF Stock Down 0.9%

The stock has a market capitalization of $7.54 billion, a PE ratio of 24.11 and a beta of 0.51. The company’s fifty day moving average price is $73.78 and its 200-day moving average price is $74.43.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

Hedge funds have recently bought and sold shares of the company. Latitude Advisors LLC bought a new stake in shares of Invesco S&P 500 Low Volatility ETF during the third quarter valued at approximately $51,000. Luken Investment Analytics LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the third quarter worth $56,000. Ashton Thomas Securities LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the first quarter worth $66,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco S&P 500 Low Volatility ETF during the first quarter valued at $68,000. Finally, Ballast Advisors LLC bought a new position in shares of Invesco S&P 500 Low Volatility ETF during the first quarter valued at $69,000.

About Invesco S&P 500 Low Volatility ETF

The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that is based on the S&P 500 Low Volatility index. The fund tracks a volatility-weighted index of the 100 least-volatile stocks in the S&P 500. SPLV was launched on May 5, 2011 and is managed by Invesco.